Follow These Key Rules to Retire Wealthy
Contrary to what you may have been led to believe, you don't need to earn a lot of money during your career to retire with a lot of money. If you follow a simple set of rules, you can wrap up your time in the workforce with a substantial level of wealth -- all without breaking a sweat. Here are some easy guidelines to follow.
When it comes to growing retirement wealth, time is your greatest weapon, and that's why you must commit to saving for your senior years from a young age -- ideally, from the time you start collecting a steady paycheck. If you're able to part with just $250 a month starting at age 22, and you continue doing so until age 67, you'll end up with a nest egg worth close to $1.2 million. Now that assumes that you invest your money at an average annual 8% return, which we'll talk about next.
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Source Fool.com
